Adjustable Rate Mortgages in San Diego

Adjustable rate mortgages (ARMs) are one of the basic types of home loans. ARMs are offered at lower and more appealing rates at the beginning of the term. An adjustable rate mortgage begins with a guaranteed rate that can be locked in anywhere from a month to ten years at a time.  The "5/1 ARMs" or "7/1 ARMs" are common adjustable rate mortgages assumed by borrowers.  Another adjustable rate mortgage is the 4 payment option loan.  These adjustable rate mortgage types are all typically interest only payments to help the borrower maximize cash flow.  The interest rates will be dependent on the style of loan you choose.  Our San Diego mortgage experts, can help you determine which kind of ARM is best for your situation and future goals.